MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against Arcus+0.298%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.298%, 7d avg +0.002%

Together, before fees−0.348%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.296% dearer against Arcus than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,035.7	0.0040	pay 0.0005% / 1h	50m 18s	$90K	$244K	10x
Short	Coinbase International MU-PERP-INTX	1,038.8	0.0080	get 0.0010% / 1h	50m 18s	$734K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.298%Rate

Funding earned: $8.34
Price spread: +0.298% → +0.002%: $29.62
Slippage, 4 orders: −$23.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.08
Costs to cover: 0.379%
Break-even: 6.9 days

Slippage from Arcus: live order book, 53 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 53 min ago	1.79 bp	8.8 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.72 bp	8.8 bp −$9	12.2 bp −$122	55.1 bp −$5,506	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0721%	4h	1,036	+0.031%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0217%	8h	1,036.9	+0.119%	$20.1M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.7	+0.099%	$21.1M	$64.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.6	+0.086%	$122.0M	$538.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.5	+0.082%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.6	+0.084%	$29.7M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.5	+0.079%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.3	+0.063%	$61.4M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	+0.052%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,035.8	+0.007%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,036.1	+0.041%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.3	+0.253%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.5	+0.074%	$74K	$592K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.3	+0.060%	$127K	$460K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,035.9	+0.021%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,036.3	+0.058%	$7.0M	$18.8M	10x	as long as short
Nado MU-PERP	+0.0029%	1h	1,036	+0.034%	$277K	$807K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.7	+0.100%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036	+0.029%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.513%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0039%	1h	1,036.6	+0.085%	$25K	$390K	10x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,035.7	long leg	$90K	$244K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,036.1	+0.040%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.2	+0.049%	$176.2M	$84.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.2	+0.049%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.5	+0.081%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.7	−0.004%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,036.3	+0.055%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,036.8	+0.110%	$1.0M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	+0.050%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0080%	1h	1,038.8	+0.298%	$734K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,036.2	+0.053%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.1	+0.038%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	+0.088%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.4	+0.064%	$824	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.4	+0.069%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,035.6	−0.009%	$530K	$270K	15x	as long as short